Can gold break through 4900 tonight? Don't guess the top; waiting for a pullback is the key strategy.

Tonight's surge towards the 4900 USD level is worth期待, but the core idea is clear: firmly avoid guessing the top, patiently wait for a pullback, rely on support levels to enter positions, which is the best solution right now.

From a news perspective, market risk pricing is systematically rising: global bond market volatility is intensifying, concerns over sovereign credit and interest rate outlooks are heating up; geopolitical conflicts and trade game uncertainties are repeatedly fermenting. Even without further escalation, these factors are enough to support safe-haven funds' demand for gold. Coupled with the long-term logic of central banks continuously increasing their gold holdings, gold is passively absorbing a steady flow of incremental funds, and the bullish foundation remains solid.

Analyzing the market structure, gold is in a trend-advancing stage, exhibiting a typical "refusal of deep corrections and continuous upward shift of the center of gravity" strong trend. Prices are gradually climbing based on short-term moving averages, with new highs constantly refreshing, and the overall rhythm is steady and progressive. As long as there is no volume-driven breakdown of key support during pullbacks, and no consecutive long bearish candlesticks destroying the current upward structure, this rally is far from over.

Evening trading suggestions:

If the price stabilizes around 4850 USD during a pullback, consider a small long position, with targets sequentially at 4875-4885 USD. If a volume breakout occurs, aim for a push towards the 4900 USD level.